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Profile Software at the Annual Middle East Banking Innovation Summit in Dubai

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Profile Software, an international financial solutions provider, announced today that it participates as a Bronze Sponsor in the 8th Annual Middle East Banking Innovation Summit, taking place on 17-18 September 2018 in Dubai (UAE), presenting its newly launched and award-winning Banking and Investment Management solutions.

During this event, professional delegates will have the opportunity to discuss with Profile Software’s executives about its leading FinTech solutions that offer flexibility, innovation and compliance to international standards as well as easy integration, therefore enhancing business processes and increasing customer satisfaction so as to enable agility across operations and to efficiently respond to evolving market challenges: Profile’s solutions include:

  • Axia&IMSplus: the award-winning Investment Management platforms for advanced Wealth, Asset and Fund Management, Insurance Investment Management, Personal/Private Banking, RoboAdvisory and Custody operations as a cloud/web-based, omni-channel system over an automated and risk-free architectural environment.
  • next: the internationally implemented Digital Banking system available in the Cloud and SaaS, covering Core Banking, Lending and Loans, Payments, Alternative Finance and FinTech requirements.
  • Acumennet: the comprehensive Front-to-Back Office Treasury platform, covering all financial instruments, including very complex structures.
  • RiskAvert: the complete and modern Risk, Capital Management and Regulatory Reporting platform for Credit, Market, Operational and Liquidity Risk according to the international frameworks (Basel ΙΙΙ, IFRS9), supporting XBRL validation and conversion functions.

At its stand, Profile Software will be presenting among others its FMS.next Digital Banking solution, which incorporates the entire spectrum of banking operations on a single platform to also deliver on future goals with ease. It supports banking in the digital era through online and powerful features for client onboarding, transactions, loans, mortgages, automated credit scoring and payments. The company will also present its Robo Advisory solution for complete automation of Investment Management operations or utilised as a hybrid advisory service.

The 8th Annual Middle East Banking Innovation Summit will bring together over 450 senior industry experts and leaders, to explore the emerging technologies, developments and trends revolutionising the sector, as well as the new opportunities arising for financial institutions throughout the UAE. To register for the Summit please follow the link here.

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Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 2020/21

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HONG KONG SAR – Media OutReach – 14 January 2021 – This news release is made by Johnson Electric Holdings Limited (“Johnson Electric” or the “Company” and together with its subsidiaries, the “Group”) for the business operations and selected unaudited financial information of the Group for the three months and the nine months ended 31 December 2020.

 

The Board of Directors (the “Board”) of the Company considers the publication of quarterly sales performance updates to be consistent with international corporate disclosure best practice. The objective of this news release is to provide transparency and to ensure that investors and potential investors receive equal access to the same information at the same time.

 

The Group’s sales for the quarter ended 31 December 2020 were US$912 million compared to US$773 million for the same quarter in 2019, an increase of 18%. Excluding currency movements, sales increased by 15% to US$887 million. Foreign exchange rate movements had a positive effect of US$25 million on the Group’s sales for the quarter ended 31 December 2020. This was mainly due to the impact of the stronger average exchange rates for the Euro and Chinese Renminbi against the US Dollar, compared to the same quarter in 2019.

 

The recovery in sales experienced in the second quarter gathered momentum in the third quarter, partially mitigating the deep pandemic-driven decline experienced in the first quarter of the financial year. Overall, the Group recorded sales of US$2,242 million for the nine months ended 31 December 2020, compared to US$2,338 million for the same period in 2019, a decrease of 4%. Excluding currency movements, sales for the nine months ended 31 December 2020 decreased by 5%.

 

Sales of Automotive Products Group (“APG”)

APG’s sales for the quarter ended 31 December 2020 increased by US$107 million or 17% compared to the same quarter in 2019.  Excluding currency effects, APG’s sales increased by US$84 million or 13% in the quarter.

 

APG’s sales outperformed compared to automotive industry production volumes, in all regions, in both the nine months and the quarter ended 31 December 2020. Although the COVID-19 pandemic sharply reduced APG’s sales in April and May 2020, particularly in Europe and the Americas, the Group subsequently experienced a significant recovery in demand. The sales changes by region, excluding currency effects, were as follows:

 

 

Quarter ended
31 December 2020

Nine months ended
31 December 2020

Asia

increased 16%

increased 6%

Europe

increased 7%

decreased 20%

Americas

increased 17%

decreased 13%

Total

increased 13%

decreased 8%

 

Johnson Electric’s innovative technology and product portfolio remains well positioned to meet growing demand for the electrification of critical automotive functions to increase powertrain efficiency, reduce vehicle weight, improve safety, reliability and enhance comfort.

 

Sales of Industry Products Group (“IPG”)

IPG’s sales for the quarter ended 31 December 2020 increased by US$32 million or 21% compared to the same quarter in 2019. Excluding currency effects, IPG’s sales increased by US$29 million or 20% for the quarter.

 

IPG’s business and financial performance benefited significantly from changes in consumer behaviour and expenditure in response to the COVID-19 pandemic. As consumers in many countries were required to spend more time at home, the division experienced strong demand for products for food and beverage, floor care, home office printer, lawn and garden, window automation, power tool, sanitation and ventilation applications. The medical segment also experienced strong growth, driven by the long-term imperative to reduce the labour intensity of hospital procedures.

 

These positive demand dynamics were partly offset by the COVID-19 pandemic’s adverse impact on some specific customers and market segments. In Europe and the Americas, sales to many small and medium enterprises decreased as consumers switched to purchasing through the online sales channels of larger competitors. Commercial printers, metering, flexible printed products and switches segments were also slower than usual.

 

On a regional basis, IPG experienced the highest sales growth in Asia due in large part to the rapid recovery of China’s industrial sector and strong global demand for the country’s manufactured goods. In Europe and the Americas, the path to recovery in some segments has taken somewhat longer and in the US, in particular, IPG’s sales have been hampered by delays from port congestion as well as land and rail logistical bottlenecks. The sales changes by region, excluding currency effects, were as follows:

 

 

Quarter ended
31 December 2020

Nine months ended
31 December 2020

Asia

increased 35%

increased 18%

Europe

increased 22%

increased 6%

Americas

flat

decreased 3%

Total

increased 20%

increased 8%

 

Chairman’s Comments on Sales Performance and Outlook

Concerning the quarter ended 31 December 2020 sales performance, the Chairman and Chief Executive, Dr. Patrick Shui-Chung Wang, said, “The strong recovery in demand that we experienced during the second quarter continued in the third quarter — with sales levels in both APG and IPG running well ahead of the third quarter in the prior year.  Although there remains some uncertainty as to how the upsurge in COVID-19 in many Western countries could impact business activity and consumer confidence, the Group is presently on track to deliver full-year total sales close to the level achieved in the prior financial year.  This would represent a very satisfactory achievement given the fact that such a large portion of Johnson Electric’s operations was either shutdown or significantly constrained during the first two months of the current financial year.”

 

Cautionary Statement

Shareholders and potential investors in the Company are reminded that the information provided in this news release, including information related to the expected outlook for the full year, is based on the Group’s unaudited internal records and management accounts. This information has not been reviewed or audited by the Company’s auditors.

 

Shareholders and potential investors should exercise caution when dealing or investing in the shares of the Company.

About Johnson Electric Group

The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 35,000 individuals in 23 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: www.johnsonelectric.com.

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Global Industry Leaders Highlighted Food Safety Issues in Times of Pandemic at the 6th Food Safety Forum

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GS1 HK Launches Trusted FoodNet to Promote Information Visibility

 

HONG KONG SAR – Media OutReach – 15 January 2021 – The 6th Food Safety Forum organised by GS1 Hong Kong (GS1 HK) concluded its online live programme today. Themed “The Power for Food Safety”, the Forum aimed to explore ways to capitalise on innovation and technology and strengthen food safety. Dr Chui Tak-yi, Under Secretary for Food and Health, was invited as the Guest of Honour, whereas Hon Peter Shiu Ka-fai, Legislative Councilor and Deputy Chairman of Panel on Food Safety and Environmental Hygiene also participated as Award Presenter. Executives from Nestlé HK, HKTVmall, Ting Hsin International Group (Master Kong/康師傅), Sun Fat Heung (Top Soya/壹品豆品), and Global Food Safety Initiative (GFSI) shared their wisdom and opinion on the latest trends, new technological advancement and future development in food safety management.

[View Image]

(Left, from left to right) Jessie Cheng, Director of Corporate Communications of HKTV Mall; May Chung, Chairperson of Hong Kong Food and Beverage Industry Advisory Board of GS1 HK, and General Manager of Nestlé Hong Kong Ltd.; Anna Lin, Chief Executive of GS1 HK; Jeff Law, Managing Director of Sun Fat Heung Food Products Ltd.
(Right, from top to bottom) Dr Chui Tak-yi, Under Secretary for Food and Health; Hon Peter Shiu Ka-fai, Legislative Councilor and Deputy Chairman of Panel on Food Safety and Environmental Hygiene; Dr Jason Liu, Food Safety & Care Office VP of Ting Hsin International Group & GFSI China Steering Committee Vice-chair.

The continuous spread of COVID-19 has triggered grave concerns on food safety, as Mainland China found positive coronavirus results on the frozen food and packaging imports in multiple occasions. In Hong Kong, the Centre of Food Safety had reported negative results on more than 1,000 food import samples by the end of 2020, local regulations also require food importers and distributors to maintain records of the movements of food to facilitate track-and-trace.

 

Delivering an opening address online, the Under Secretary for Food and Health, Dr Chui Tak-yi, said, “In a globalised economy with the food chain getting increasingly complex, similar to many other places, Hong Kong attaches great importance to food traceability. Legislation, technology, innovation and big data analysis provide immense possibilities for us to enhance our food monitoring capability and traceability, leading to safe food on the table. Staying ahead of the curve will be imperative to the food industry, especially when we anticipate more digital and traceable food system. (For the full opening speech please visit: https://youtu.be/7m2494GPm10)

As online shopping prevails, consumers’ demand for more transparent and reliable food information soars. To foster open information sharing among the F&B community, GS1 HK introduced Trusted FoodNet, an online platform where food suppliers’ and restaurants’ quality and safety certifications can be uploaded and displayed, for business buyers and consumers to access the information anywhere, anytime. More than 150 food products with different certificates are available on the platform so far, please visit https://trustedfoodnet.gs1hk.org/ to know more. 

 

Ms May Chung, Chairperson of Hong Kong Food and Beverage Industry Advisory Board of GS1 HK, and General Manager of Nestlé Hong Kong Ltd commended the effort, “With growing emphasis on food safety, we have been working closely with the F&B industry, leveraging innovation, technology and global standards to ensure food safety and build consumer trust. The ‘Trusted FoodNet’ initiative by GS1 HK has our full support, which I believe will enhance the transparency of our trade. I hope industry peers will join the platform to increase trust among stakeholders, and raise the bar for food safety together.”

 

Co-located with the Forum, the “Quality Food Traceability Scheme” award presentation ceremony was organised to mark the achievement of 20 food-related companies which demonstrated outstanding performance in food traceability. Hon Peter Shiu Ka-fai, Legislative Councilor and Deputy Chairman of Panel on Food Safety and Environmental Hygiene, attended the ceremony to present the awards. Please refer to the recognised companies list here: https://www.gs1hk.org/quality-food-scheme.

 

Ms Jessie Cheng, Director of Corporate Communications of HKTV Mall; Dr Jason Liu, Food Safety & Care Office VP of Ting Hsin International Group & GFSI China Steering Committee Vice-chair; Mr Jeff Law, Managing Director of Sun Fat Heung Food Products Ltd; and Mr Yves Rey, Independent Senior Advisor to Industry Leaders / Former Danone Corporate GM & GFSI Chairman all shared their hindsight and vision of the F&B development at the Forum.

 

Ms Anna Lin, Chief Executive of GS1 Hong Kong, appreciated their insights and underscored food safety as a shared responsibility. “Committed to promoting local food safety, GS1 HK will continue to connect with the industry, government, consumers and other stakeholders and foster more experience sharing and exchange on innovations and technologies. Together we will uplift the food safety standard and propel our industry growth.”

 

About GS1 Hong Kong

Founded by the Hong Kong General Chamber of Commerce in 1989, GS1 Hong Kong (GS1 HK) is the local chapter of GS1®, which provides global supply chain standards (product identification key and barcode) and a full spectrum of standard-based platforms, solutions and services that support companies’ digitization to enhance supply chain transparency and efficiency, ensure product authenticity, and facilitate online and offline commerce.

 

Currently, GS1 HK has around 8,000 corporate members covering close to 20 industries including retail consumer goods, food and food services, healthcare, apparel, logistics as well as information and technology. By engaging with communities of trading partners, industry organisations, government, and technology providers, GS1 HK is fostering a collaborative ecosystem with the vision of “Smarter Business, Better Life”.

 

Headquartered in Brussels, Belgium, GS1® is a not-for-profit, standards organisation that has 115 national chapters serving 150 economies globally.

 

For more information about GS1 Hong Kong, please visit www.gs1hk.org.

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Kerry Logistics Network Opens Chemical Logistics Centre in Cangzhou China To Capture Market Potential in Chemical Logistics

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HONG KONG SAR – Media OutReach – 15 January 2021 – Kerry Logistics Network Limited (‘Kerry Logistics Network’; Stock Code 0636.HK) has opened a logistics centre in the Cangzhou Lingang Economic and Technological Development Zone in Hebei province, China under Kerry IMS Chemical Logistics to capture the market potential in chemical logistics. The logistics centre was opened and commenced operation on 8 January.

 

The Kerry IMS Chemical Cangzhou logistics centre was developed to strengthen Kerry Logistics Network’s service capability in the chemical sector and an important base in Northern China, consolidating the Company’s combined resources in logistics, export industries, an international-standard operating platform and transportation facilities. Located in the proximity of the Tianjin Nangang Industrial Zone, the logistics centre has a total area of 320,000 sq ft, comprising Class A warehouse, Class B warehouse, as well as office facilities, and has the capacity to handle 400,000 tonnes of Class A and Class B chemicals per year. The logistics centre was designed and built above Chinese national standards and is equipped with smart monitoring and management systems. At present, it is handling mainly industrial raw materials, mostly packaged in Intermediate Bulk Container (IBC), drum and pail. The warehouse will store 38 types of dangerous goods, including flammable liquids and solids, oxidisers and corrosive substances.

 

William Ma, Group Managing Director of Kerry Logistics Network, said, “The Kerry IMS Chemical Cangzhou logistics centre is the flagship development in Kerry Logistics Network’s expansion of its chemical logistics business, unleashing its strength as a 3PL in the chemical and dangerous goods market. With this logistics centre, Kerry Logistics Network is confident that it will greatly enhance its service capabilities in chemical and dangerous goods logistics, enriching user experience and service quality to offer growth initiatives to the industry.”

 

Edwardo Erni, Managing Director – China and North Asia of Kerry Logistics Network, said, “There is enormous potential and development prospects in the chemical logistics market. The completion and opening of the Cangzhou logistics centre will allow us to provide professional chemical supply chain consolidation services to our customers in the Beijing-Tianjin-Hebei Region. It will give support to our customers’ national and regional framework and consistently optimise supply chain networks to raise the autonomy of the chemical industry supply chain.”

 

Leveraging the geographical advantage of the Cangzhou Lingang Economic and Technological Development Zone, the Kerry IMS Chemical Cangzhou logistics centre is supported by Kerry IMS Chemical Logistics’ strong chemical warehousing, long-haul trucking and distribution services and network. Not only can it fulfil the warehousing and transit needs of local chemical companies, but can also provide services to the Hebei, Tianjin, Shanxi and Shandong regions, integrating regional resources and upstream and downstream industries to create a sustainable industry chain. The logistics centre is the implementation of Kerry Logistics Network’s operation strategy of synchronised distribution from the warehouses in Eastern, Southern, Northern and Southwest China, so that the logistics and distribution time nationwide is shortened, ensuring the timely delivery of goods to increase the competitiveness of its customers’ products.

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics Network is an Asia-based, global 3PL with a highly diversified business portfolio and the strongest coverage in Asia. It offers a broad range of supply chain solutions from integrated logistics, international freight forwarding (air, ocean, road, rail and multimodal), industrial project logistics, to cross-border e-commerce, last-mile fulfilment and infrastructure investment.

With a global presence across 59 countries, Kerry Logistics Network has established a solid foothold in half of the world’s emerging markets. Its diverse infrastructure, extensive coverage in international gateways and local expertise span across China, India, Southeast Asia, the CIS, Middle East, LATAM and other locations.

Kerry Logistics Network generated a revenue of over HK$40 billion in 2019 and is the largest international logistics company listed on the Hong Kong Stock Exchange.

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